Investors witnessed a sharp decline in stocks and equities on Tuesday, with AI giant Nvidia and Bitcoin leading the downturn. Both assets exhibited high volatility, prompting investors to question which could experience more severe swings in the near future. This article analyzes the implied volatility of both assets, revealing a surprising correlation.
Cryptocurrency markets experienced a downturn, leading to a surge in liquidations, particularly for long positions. Bitcoin’s price dipped below $57,000, with analysts offering mixed predictions about its future trajectory. The event coincides with growing institutional interest in digital assets, as highlighted by Benzinga’s upcoming Future of Digital Assets event.
Hightower Advisors’ Michael Farr provides insights into the recent market downturn and offers guidance for investors.
